The Old Age Security program is a federal monthly benefit designed to cover essential living costs for seniors. The Government of Canada has updated the payment amount for June 2025. So, if you are a senior in Canada or planning for your retirement, then it is important to know about the Old Age Security program and what it offers in 2025.
In this article, we will walk through the payment details, eligibility, tax implications, and other additional benefits. Whether you are already receiving the OAS or planning your future, understanding how much you could receive and whether you qualify can greatly impact your retirement planning.
OAS Increase June 2025
Old Age Security is a pension payment that is funded by the government every month. The payment amount and eligibility criteria of OAS do not depend on the work history like the Canada Pension Plan (CPP). The benefits of OAS are determined by how long you have been a resident of Canada.
The benefits are reviewed consistently or mainly every quarter, and adjusted according to the inflation rate, which will help seniors to cope with the rising cost of living. As the Consumer Price Index did not rise over the last three months, it resulted in unchanged OAS for the April to June 2025 quarter. It was estimated that the increase in OAS benefits over the past year is 2.0% from April 2024 to April 2025.
OAS Increase in June 2025- Overview
| Article on | OAS Increase June 2025 |
| Country | Canada |
| Department | Canada Revenue Agency |
| Program name | Old Age Security Program |
| Eligibility | 65 years or Older |
| Payment Date | June 28, 2025 |
| Category | Government Aid |
| Official website | Canada.ca |
Eligibility Criteria for the Old Age Security 2025
The OAS pension payment supports seniors in Canada who are eligible for the Age Pension. These criteria include a residency requirement:
- The qualifying age for this pension is currently 65 years or older.
- The candidate must be a resident of Canada or a legal resident at the time of consent to the application.
- Also, applicants have lived in Canada once they reach the age of 18 for at least 10 years.
If you are living outside Canada, you may still be entitled to OAS payment if you:
- To pass the eligibility, you have to be a Canadian resident or legal resident on the day before leaving Canada.
- Those who lived outside Canada had lived in Canada for at least 20 years, once they reached the age of 18.
OAS Benefits Changes in 2025
Old Age Security, OAS- Canada retirement funding tool (2025) In June 2025, the Old Age Security, an essential tool in Canada’s retirement program, will increase with the cost of living to ensure timely and adequate assistance to elderly citizens. The OAS recipients are divided into two age cohorts: seniors aged 65 to 74, and those aged 75 and older.
Seniors 65 to 74 could earn up to $727.67 in maximum monthly payments, depending on their income. An additional 10% of the maximum monthly amount for seniors 75 and older, or $800.44. The clawback rule will be applied if your net income goes beyond a certain threshold, which reduces your OAS amount.
How to Apply for OAS 2025?
Most of the senior citizens are automatically enrolled in the OAS program. If one is eligible, Service Canada typically enrolls them and sends a letter about their 64th birthday. It will plan the options and ask when one would like to start the payment, anytime from the age of 65-70. The monthly account will be higher when one starts later.
If one does not obtain a letter within a month after turning 64, then the officials of the OAS program need to be called. For this, you need to:
- To avail the OAS amount, one can apply online through the My Service Canada Account.
- Apply in in-person or by mail with certified documents and a completed paper form.
When will the OAS payment for June 2025 start?
This month’s OAS payment is scheduled to come out on Thursday, June 26th, 2025. Once a month, in the last week of the month, you will (depending on how you are set up with Service Canada) get payments through the mail (as in a mailed check) or directly deposited into your account.
OAS 2025 Payment Dates
• June 26, 2025
• July 29, 2025
• August 27, 2025
• September 25, 2025
• October 29, 2025
• November 26, 2025
• December 22, 2025
What amount do individuals get from OAS Program?
The amount an individual gets from the OAS program
For June 2025,
• The individual aged 75 and over can get up to $800.44
• The seniors aged 65 to 74 can get up to $727.67
The amount that the senior citizen gets is significantly dependent on the income. Depending on the inflation, the OAS payments are in tune quarterly and are never decreased, even though the inflation decreases. Service Canada provides an online OAS assistance estimator, which is a fast way to check the estimated payment to have a better idea of what one receives.
Is the Old Age Security (OAS) Program taxable?
Yes, the Old Age Security Program is considered taxable income. Individuals can choose to have taxes deducted at the source or pay them when filing their return. In either case, Service Canada provides an appropriate tax slip.
The taxes are not automatically deducted from an individual’s monthly OAS payment by the government. Though individuals can select to have some pending to evade a greater tax bill at the end of the year. My Service Canada Account can be logged out by any individual, or the Request for Volunteer Federal Tax Deductions (CPP/OAS) form can be filled out and can be further sent to Canada.
Final Thoughts
The Old Age Security (OAS) program is a monthly benefit that is offered by Service Canada to aid seniors in covering the cost of living after retirement. Though many individuals are already enrolled when they turn 65, the eligibility can be double-checked, especially if one is near retirement or has spent a long time abroad.
| Official Website | Click Here |
| Homepage | moyle-council.org |
FAQs
To whom do the OAS program’s monthly benefits go?
The senior citizen of Canada is the key focus OAS monthly benefit program and may vary as per the age.
What is the source of funding for OAS?
The federal government is the source that funds the OAS. The individual citizen does not pay into the funds directly.
